Obligee

Obligee

Definition

A person or organization to whom another party (the "obligor") owes
an obligation. In a bonding situation, this is the party that requires and
receives the protection of the bond. For example, under a performance bond, the
obligee is the project owner for whom the bonded contractor is required to
perform the specified work.

Related Products

Any contracting party needs this IRMI best-seller within arm's reach. It explains the ins and outs of indemnity and hold harmless agreements, waivers of subrogation, and ideal insurance specifications, See the Table of Contents and the top seven reasons you'll want it by your side. Learn More

Written by highly regarded insurance experts, it provides key insight and practical guidance into a number of cutting-edge areas, such as delay coverage and green construction, that are barely touched by most other publications. Learn More

Written by highly regarded insurance experts, it provides key insight and
practical guidance into a number of cutting-edge areas, such as delay coverage
and green construction, that are barely touched by most other publications.